PNC Bank

Net Lease

12601 Lake June Road, Balch Springs, Texas

Ownership Type:

Owner/User

Price:

$2,777,778

Cap Rate:

5.40%

Current Rent:

$150,000

Tenancy:

Single Tenant

Lease Type:

DoubleNet

Lease Term:

15 years

Landlord Responsibilities:

Roof & Structure

Renewal Options:

4 x 5 Year Options

Building Sq. Ft.:

2,391SF

Rent Increases:

10% Every 5 Years

Site Size:

0.73 Acres

Investment Highlights

New Long Term Lease: PNC recently signed a new 15 year lease with 10% rent bumps every 5 years providing passive ownership.
Investment Grade Tenant: PNC (NYSE:PNC) is a leading financial services provider in the country with over 2,500 locations and an S&P credit rating of A.
Recent Retrofit: The building was previously a Carl’s Jr. that has been updated to PNC’s standards.
Interstate Frontage: The property is ideally positioned at the intersection of I-635 (165,000 VPD) and Lake June Rd. (12,500 VPD), providing excellent visibility and traffic to the site.
Walmart Sub Market: The intersection is anchored by Walmart and Amazon DC and include other national retailers like Wendy’s, Chase Bank, Raising Canes, Whataburger, Discount Tire, and Panda Express.
DFW Metroplex Location: More than 55,000 residents earning an average household income of $76,000 are located within 2 miles of the site.

Access Offering Memorandum

Ownership Type:

Owner/User

Price:

$2,777,778

Cap Rate:

5.40%

Current Rent:

$150,000

Lease Type:

DoubleNet

Lease Term:

15 years

Landlord Responsibilities:

Roof & Structure

Renewal Options:

4 x 5 Year Options

Building Sq. Ft.:

2,391SF

Rent Increases:

10% Every 5 Years

Site Size:

0.73 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Kyler Bean TX Lic#: 646910

Download Offering Memorandum

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